The Daily Show, Economics Edition

Check out economist Ed Glaeser on THE DAILY SHOW. I might have to use Glaeser's new book in my Econ 425 Urban Economics course next semester.

Cotton Subsidies

Check out THIS VIDEO about cotton subsidies. So, how do you like the idea that some of your tax dollars (well, perhaps some of the dollars borrowed by Congress) are being spent to subsidize cotton farmers in Brazil?

Our government enjoys supplying rent seeking so much that it supplies rent seeking farmers from other countries. Very interesting, eh?

Oh, I've got an idea. If the people in Congress really are interested in cutting down the size of their budget deficit, then the least they could do is end cotton subsidies both for farmers in the United States as well as for farmers in other countries.